WEC Energy Group Inc (WEC)
Quick ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 42,900 | 45,900 | 54,700 | 35,700 | 28,900 | 28,500 | 30,300 | 33,800 | 16,300 | 26,000 | 35,000 | 26,100 | 24,800 | 13,100 | 13,300 | 15,400 | 37,500 | 20,000 | 37,900 | 30,600 |
| Short-term investments | US$ in thousands | — | — | — | — | 1,909,200 | 1,875,900 | 1,837,200 | 1,818,200 | 1,789,400 | 1,791,000 | 1,782,000 | 1,773,000 | 1,764,000 | 1,750,000 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,503,200 | 1,243,200 | 1,315,100 | 1,780,600 | 1,818,400 | 1,321,800 | 1,447,700 | 1,635,700 | 1,505,700 | 1,103,800 | 1,182,700 | 1,369,900 | 1,202,800 | 911,800 | 957,900 | 1,176,900 | 1,176,500 | -137,800 | -143,300 | -163,200 |
| Total current liabilities | US$ in thousands | 5,114,800 | 4,073,700 | 4,096,900 | 3,765,800 | 4,611,000 | 3,369,700 | 3,817,800 | 3,264,400 | 3,753,000 | 3,692,600 | 3,373,900 | 3,714,900 | 4,148,100 | 2,840,000 | 3,484,600 | 2,847,700 | 3,182,700 | 2,818,400 | 3,362,000 | 2,889,900 |
| Quick ratio | 0.30 | 0.32 | 0.33 | 0.48 | 0.81 | 0.96 | 0.87 | 1.07 | 0.88 | 0.79 | 0.89 | 0.85 | 0.72 | 0.94 | 0.28 | 0.42 | 0.38 | -0.04 | -0.03 | -0.05 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($42,900K
+ $—K
+ $1,503,200K)
÷ $5,114,800K
= 0.30
The quick ratio of WEC Energy Group Inc has exhibited some fluctuations over the past eight quarters. The ratio has ranged from a low of 0.40 in Q4 2023 to a high of 0.67 in Q1 2022. Generally, a quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its most liquid assets.
The downward trend observed in the quick ratio from Q1 2022 to Q4 2023 suggests a decreasing ability to cover short-term liabilities with readily available assets. It is important to monitor this trend closely to assess the company's liquidity position. Further analysis of other liquidity ratios and a deeper dive into the components of current assets and liabilities may provide additional insights into the company's financial health and its ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023